PANews December 17 news, DeFi application layer Rujira stated in its official blog: "Rujira has successfully raised $7 million from a group of early investors who got involved after the merger announcement was made. With this funding, we are capable of executing our plans without the need for additional funds at this time. In the future, if necessary, we will be able to obtain additional funds through over-the-counter transactions to further support the development of Rujira. The completion of this round of financing has also cleared a key obstacle for the RUJI TGE, which is currently expected to take place in February next year. As always, this timeline is for reference only and may change."
It is reported that Rujira is a DeFi application layer on THORChain, created by the Rujira alliance between Kujira, Levana, and THORChain. It combines Kujira's DeFi tools with THORChain's liquidity and cross-chain capabilities to achieve seamless, bridge-less access to blockchain networks.
